derrilyn had "poor to moderate" shows in the mckin Going back...

derrilyn had "poor to moderate" shows in the mckin Going back through old releases ...

Look at the Derrilyn release of 26 May 2004.

"Poor to moderate oil shows over 1250 to 1254" meters.

As per their release of 31 May 2004 DST then came in from that zone at 195 barrels a day.

200 bopd is still $7000 a day, of which STU will net $6000.

Remember, between the 3D, drilling and completing Arwon, Stuart will have spent about $1.8m, or about a years worth of production at 200 bopd.

Ian Whitchurch